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'll be talking to michael tomasky, from the daily beast. and angela kelly from the center for american progress, she is one of the leaders on shaping legislation reform on capitol hill. she'll let us know what we can expect from the senate and the white house. and i think it's what nine days now from sequester time. get ready. but first. ♪ >> the late king of pop, michael jackson's son started a new job last night. prince michael now 16 years old appeared on entertainment tonight where he is a special correspondent. he says he wants to become a well-rounded producer director screen writer and actor. just 16. >> this will end well. >> bill: isn't there some rule about child labor in hollywood? >> 16 you can work. >> it's just -- come on already. >> bill: go to college -- >> exactly. >> bill: i'm sure he got his job on merit as a reporter. and we know how these things work out when you take kids and shove them in front of the camera at young aims. >> another former obama advisor has taken a job as news consult important. david axelrod. >> bill: it's very clear if you want the
. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fox con pressuring shares this morning. >>> the rally continuing with the dow and s&p having their best day in two weeks. nasdaq closing at 12-year highs. dow less than 130 points from closing at an all-time high. guys, a lot of discussion about how it's a nominal high. but getting back to 14164 would be news. in some form or fashion, jim. >> i think that there is a level of, dare i say, excitement. in other words, we're seeing levels that we hav
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